CapitaLand Mall Trust : Proposed Merger Of CapitaLand Mall Trust And CapitaLand Commercial Trust - Dealings Disclosure
October 20, 2020 at 10:45 pm EDT
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CAPITALAND MALL TRUST
(Constituted in the Republic of Singapore pursuant to a trust deed dated 29 October 2001 (as amended))
ANNOUNCEMENT
DEALINGS DISCLOSURE
INTRODUCTION
CapitaLand Mall Trust Management Limited (the "Company" or "CMT Manager"), as manager of CapitaLand Mall Trust ("CMT"), refers to the announcement dated 22 January
2020 (the "Joint Announcement") issued by the Company and CapitaLand Commercial Trust Management Limited, as manager of CapitaLand Commercial Trust ("CCT"), in relation to the proposed merger (the "Merger") of CMT and CCT by way of a trust scheme of arrangement, to be effected in accordance with the Singapore Code on Take-overs and
Mergers (the "Code").
Unless otherwise defined, all capitalised terms used and not defined herein shall have the same meanings given to them in the Joint Announcement.
DEALINGS BY AN ASSOCIATE
Pursuant to Rule 12.1 of the Code and based on information received by the Company on 21 October 2020 from BlackRock, Inc. ("BlackRock"), the Company wishes to announce the following dealings in the CMT Units and CCT Units by BlackRock, an associate of the Company1:
2.1 Dealings in CMT Units
Date of Dealing
Nature of Dealing
Number of
CMT
Dealing Price (S$)
Units
Purchase
276,700
1.92
20 October 2020
Sale
155,200
1.92
Purchase
19,100
1.922
Purchase
31,500
1.9213
1 BlackRock is deemed under the Code to be an "associate" of the Company in relation to the Merger solely by virtue of the fact that BlackRock holds 5 per cent. or more CMT Units in issue at the time of the relevant dealings. As such, the Code requires dealings by BlackRock in the CMT Relevant Securities and the CCT Relevant Securities to be disclosed.
1
Date of Dealing
Nature of Dealing
Number of
CMT
Dealing Price (S$)
Units
20 October 2020
In-specie Transfer
22,900
N/A
Stock Loan
85,000
N/A
Based on the information received from BlackRock on 21 October 2020, BlackRock owns or controls 189,789,832 CMT Units after the dealings reported above, representing approximately 5.14 per cent. of the total issued CMT Units2.
2.2
Dealings in CCT Units
Date of Dealing
Nature of Dealing
Number of
CCT
Dealing Price (S$)
Units
20 October 2020
Stock Loan Return
902,100
N/A
Based on the information received from BlackRock on 21 October 2020, BlackRock owns or controls 193,943,000 CCT Units after the dealings reported above, representing approximately 5.02 per cent. of the total issued CCT Units3.
The CMT Manager wishes to reiterate that BlackRock is not a party acting in concert with CMT in respect of the Merger.
3. RESPONSIBILITY STATEMENT
The directors of the CMT Manager (including those who may have delegated detailed supervision of this Announcement) have taken all reasonable care to ensure that the facts stated and opinions expressed in this Announcement are fair and accurate and that there are no other material facts not contained in this Announcement the omission of which would make any statement in this Announcement misleading. The directors of the CMT Manager jointly and severally accept responsibility accordingly.
Where any information has been extracted or reproduced from published or otherwise publicly available sources, the sole responsibility of the directors of the CMT Manager has been to ensure through reasonable enquiries that such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this Announcement.
Calculated based on a total of 3,690,154,580 CMT Units.
Calculated based on a total of 3,861,876,136 CCT Units.
2
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Capitaland Mall Trust published this content on 21 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2020 02:44:04 UTC
CapitaLand Integrated Commercial Trust (the Trust) is a Singapore-based real estate investment trust (REIT). The principal activity of the Trust is to invest, directly or indirectly, in income-producing assets primarily used for commercial purposes, including retail and/or office purposes, located primarily in Singapore. The Trust's retail portfolio includes Bedok Mall, Bugis+, Bugis Junction, Bukit Panjang Plaza, Clarke Quay, the IMM Building, Junction 8, Lot One Shoppers' Mall, Tampines Mall, and Westgate. Its office portfolio includes Asia Square Tower 2, Capital Tower, CapitaGreen, Six Battery Road, 21 Collyer Quay, Gallileo, Main Airport Center, and 66 Goulburn Street, Australia. Its integrated development portfolio includes Funan, Plaza Singapura, The Atrium@Orchard, Raffles City Singapore and CapitaSpring. The Trust's investment manager is CapitaLand Integrated Commercial Trust Management Limited, which is a wholly owned subsidiary of CapitaLand Investment (CLI).